What is the doctrine of equitable estoppel in contract law?

The doctrine of equitable estoppel is a legal concept used in contract law in Louisiana. The doctrine states that one party of a contract may not take a position that is contrary to their previous words, actions, or conduct. In other words, a party is barred from doing something that they previously agreed not to do. For example, if two people enter into a business transaction, and one of them states that they will pay the other party $500 for a service, then the party cannot later claim that they never agreed to pay the other person. Similarly, if one of the parties agrees to a particular term or condition in the contract, then they cannot later claim that they never agreed to the condition. The doctrine of equitable estoppel is important to contract law in Louisiana because it ensures that parties to a contract cannot use misleading statements or conduct to take advantage of the other party. It protects parties from having to comply with terms and conditions that they never agreed to or to pay money that they are not legally obligated to pay. It also puts the burden of proof on the party making the claims, and not the other party.

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What is the doctrine of equitable estoppel in contract law?

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